OPEN Options History — April 2024

In April 2024, OPEN traded between $2.02 and $2.91. ATM implied volatility averaged 104.6%, placing in the 35.5% IV rank vs the trailing year. The 30-day expected move averaged 30.4%. IV traded above realized volatility by 32.9% (HV 20d: 71.7%). Max pain ranged from $3.00 to $3.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 6 of 22 days. Put/call ratio averaged 0.39.

Notable Days

  • 2024-04-10: Highest Volume — 21,590 contracts
  • 2024-04-30: Largest IV drop — 12.4% change
  • 2024-04-23: Highest IV Rank — 47.9%
  • 2024-04-30: Largest Expected Move — 38.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$2.38$2.02$2.91$2.91$2.02
Max Pain$3.00$3.00$3.00$3.00$3.00
ATM IV104.6%95.0%111.5%96.2%95.9%
Expected Move30.4%23.9%38.2%24.1%38.2%
HV 20d71.7%56.1%87.0%84.5%58.9%
HV 60d82.2%76.7%87.9%87.6%77.0%
IV Rank35.5%22.0%47.9%23.6%26.4%
IV Percentile52.7%39.3%64.7%41.3%41.7%
Term Structure-7.6%-54.2%14.9%3.7%14.9%
VWIV105.7%83.1%133.5%85.0%133.5%
Skew 25d1.8%-5.0%9.7%-2.7%-4.7%
Skew 10d-4.1%-25.2%19.8%-4.0%19.8%
Call IV 25d105.4%98.9%113.4%100.4%113.4%
Put IV 25d107.2%97.7%113.4%97.7%108.7%
Bid-Ask Spread %8.352.9919.034.692.99
Gamma HHI0.160.150.180.150.15
Net GEX131.3K86.4K224.2K224.2K110.2K
Net DEX-11.8M-19.4M-7.3M-19.4M-8.0M
Net VEX-156.9K-181.5K-135.5K-177.8K-135.5K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.390.051.460.390.94
Total Volume7,771.6823,22121,5908,2333,221
Total OI299,232.727272,016317,713272,016309,929

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2024-04-01$2.91$3.0096.2%24.1%84.5%23.6%85.0%-2.7%3.7%224.2K-19.4M-177.8K0.394.695,9372,296202,22669,790
2024-04-02$2.79$3.0095.0%24.4%85.1%22.0%85.6%3.8%8.3%185.2K-17.0M-171.9K0.1618.007,1691,117205,54071,422
2024-04-03$2.87$3.00100.7%23.9%80.9%29.3%83.1%1.5%0.6%212.9K-19.3M-181.5K0.6219.035,7493,584209,14271,955
2024-04-04$2.75$3.0099.8%28.8%78.9%28.1%101.8%-5.0%6.9%162.0K-16.6M-174.7K0.4510.674,3961,971209,27175,010
2024-04-05$2.71$3.00104.7%28.9%79.0%34.2%102.0%-3.6%-2.5%131.4K-14.9M-168.9K0.157.557,1031,039211,07576,295
2024-04-08$2.67$3.00104.4%29.0%77.3%33.9%101.0%-2.3%-2.7%136.7K-15.4M-171.5K0.156.775,798856208,62074,119
2024-04-09$2.75$3.00105.1%27.6%76.3%34.8%98.3%-2.5%-10.4%154.3K-16.7M-175.2K0.6512.512,9761,946211,62574,497
2024-04-10$2.44$3.00104.7%27.9%86.8%34.2%99.9%2.9%-7.7%86.4K-10.4M-153.4K0.2714.1216,9864,604212,71975,613
2024-04-11$2.46$3.00102.8%28.5%87.0%31.9%100.0%4.7%-4.4%98.5K-11.9M-164.5K1.4615.832,7273,969225,49776,796
2024-04-12$2.33$3.00104.4%29.1%82.6%33.9%101.2%8.4%-3.3%88.8K-10.4M-154.4K0.528.9310,6065,470226,77179,929
2024-04-15$2.20$3.00108.1%30.8%83.8%38.5%108.0%0.2%-4.3%115.0K-8.4M-152.9K0.337.335,4771,796227,56481,879
2024-04-16$2.17$3.00109.3%31.8%74.5%40.1%103.6%9.7%-10.0%88.7K-7.8M-149.4K0.275.325,5771,499229,49481,732
2024-04-17$2.16$3.00111.5%32.0%72.2%42.8%107.6%4.1%-7.7%100.1K-7.9M-149.3K0.055.767,693368229,93481,832
2024-04-18$2.16$3.00105.5%30.6%62.3%35.3%105.9%-0.9%-4.9%107.2K-7.3M-146.5K0.255.163,253826234,40081,738
2024-04-19$2.17$3.00104.2%30.6%56.9%33.6%105.2%3.7%-9.7%115.5K-7.9M-149.8K0.183.274,454799235,92281,791
2024-04-22$2.17$3.00108.0%31.7%56.1%38.5%108.6%8.0%-6.0%113.7K-9.2M-147.0K0.257.616,4161,590226,24370,861
2024-04-23$2.23$3.00110.9%32.2%58.2%47.9%113.5%5.3%-52.1%140.1K-11.1M-149.8K0.186.7210,5241,885230,81971,905
2024-04-24$2.13$3.00110.2%34.3%59.3%46.9%119.9%5.3%-6.4%141.7K-10.0M-148.2K0.374.963,4161,252236,55773,433
2024-04-25$2.08$3.00108.6%32.7%59.0%44.5%115.0%1.3%-16.7%130.1K-9.8M-140.0K0.365.103,9171,403236,54074,031
2024-04-26$2.15$3.00102.2%34.6%59.3%35.4%120.0%3.5%-54.2%126.5K-9.9M-147.3K0.333.942,757905237,73174,160
2024-04-29$2.10$3.00109.5%37.4%59.1%45.9%126.0%-0.8%1.7%120.5K-9.1M-142.2K0.237.404,5781,072233,44473,269
2024-04-30$2.02$3.0095.9%38.2%58.9%26.4%133.5%-4.7%14.9%110.2K-8.0M-135.5K0.942.991,6641,557235,74074,189